Natixis Advisors LLC lowered its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 437,887 shares of the utilities provider's stock after selling 41,425 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of ONEOK worth $43,447,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenline Partners LLC acquired a new position in ONEOK during the 4th quarter worth $32,000. First Pacific Financial bought a new stake in shares of ONEOK during the first quarter worth $34,000. Vermillion Wealth Management Inc. acquired a new position in shares of ONEOK during the fourth quarter valued at $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in ONEOK in the fourth quarter valued at about $39,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in ONEOK in the first quarter worth about $39,000. Institutional investors and hedge funds own 69.13% of the company's stock.
ONEOK Stock Performance
OKE stock opened at $82.12 on Friday. ONEOK, Inc. has a 1-year low of $75.47 and a 1-year high of $118.07. The business's 50-day moving average price is $81.46 and its two-hundred day moving average price is $88.95. The firm has a market cap of $51.70 billion, a PE ratio of 16.04, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35.
ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a net margin of 12.15% and a return on equity of 15.58%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm earned $1.09 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.
ONEOK Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 1st will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, August 1st. ONEOK's dividend payout ratio is 80.47%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Citigroup reduced their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Raymond James Financial cut their price target on ONEOK from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus reduced their price target on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.86.
Get Our Latest Research Report on ONEOK
About ONEOK
(
Free Report)
ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
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